Steve asked in Social ScienceEconomics · 1 month ago

Can someone explain to me the economical reason for this phenomenon?

In the UK at the moment the cost of everything seems to go up. Whether it be rent, food, fuel etc. but peoples' salaries seem to stay pretty much the same. What is this in terms of economics?

5 Answers

Relevance
  • amy
    Lv 6
    1 month ago

    cost always goes up. But wages can stagnate/stall.

    • Commenter avatarLogin to reply the answers
  • Oiy
    Lv 5
    1 month ago

    It's called inflation. Since the UK has 8billion Pound Sterling more in the country after Brexit. So the government tries to keep promises of spending and spending. But the trade talks with the EU and elsewhere have not gone through even a single shot. No new investment in the UK right now. And of course, no raise, no bonus. Even Nissan, which has gone back to Japan, has denied the plan to increase investment in the UK again. But all in all, we need to support Boris. There is no alternative, anymore.

    • Commenter avatarLogin to reply the answers
  • Zirp
    Lv 7
    1 month ago

    Capitalism. Companies trying to maintain or increase profits, even when costs rise

    • Commenter avatarLogin to reply the answers
  • 1 month ago

    It's called inflation

    • Commenter avatarLogin to reply the answers
  • How do you think about the answers? You can sign in to vote the answer.
  • JuanB
    Lv 7
    1 month ago

    Brexit.

    Too bad Brits didn't ask this question more before voting in the referendum.

    • Commenter avatarLogin to reply the answers
Still have questions? Get your answers by asking now.